Applying for benefits under government scheme

Technical textile manufacturers can avail the following benefits under the TMTT scheme:

a)    Contract research

Investor may submit proposals for contract research (individually or partnerships with other enterprise) for development of product, process and technology in technical textile.  The grant under TMTT scheme will be upto 60% excluding cost of land and building subject to ceiling recommended as US$ 0.04 million per project. It is an initial ceiling and can be relaxed by the empowered committee on merit. The guidelines for taking assistance under TMTT are as follows:

  • Research shall be jointly conducted by industry and a government-approved research center, like TRAs, IITs, government-aided institutions and recognized engineering colleges, etc.
  • Industries need to register with Office of Textile Commissioner. The format for registration is attached as Annexure - II. This one-time registration makes the industrial unit eligible for various types of assistance under TMTT, including contract research, market development assistance or business start-up assistance
  • Other operational modalities can be found in the TMTT scheme on http://technotex.gov.in/TMTT%20book%20upload%2019012011.pdf

 

b)   Market development assistance for export sales

Indian players may submit proposals for market development assistance for participating in international exhibitions. Assistance would be permissible on travel expenses by air, in economy excursion class fair and charges of the built up furnished stall. This would, however, be to the extent of 50% with a financial cap recommended at US$ 0.91 million per visit. The guidelines for MDA are as follows:

  • Registration with Office of Textiles Commissioner as per the format in Annexure - II
  • The support under this scheme is restricted to two times for a particular unit in a year
  • Submission of an intimation application for participating in the exhibition as per Annexure - III
  • Other operational modalities can be found in the TMTT scheme on http://technotex.gov.in/TMTT%20book%20upload%2019012011.pdf

c)    Business Start-up Assistance

Business start-up assistance is provided only to SME units. Empanelled consultants under TMTT will provide assistance in the preparation of project reports, and provide handholding support to potential entrepreneurs till the completion of the projects. A list of empanelled consultants is as follows:

Name  of the Consultant

Contact Person

E-mail ID

Telephone Nos.

Address

M/s. K's Technical & Management Consultants Shri Ravishankar G techtex@gmail.com +91 265 2782245
+91 9825244940
B2, Sandalwood Apartments, 22, Pratapgunj Area, Opp. Rosary School, P O Box No. 2083, Fatchgunj P.O. Vadodara 390002, Gujarat.
M/s. Technopak Advisors Pvt Ltd, Mr. Amit Gugnani amit.gugnani@technopak.com +91 124 4541111
91 9871755992
4th Floor, Tower A, DLF  Building 8, DLF Cyber City, Phase - II, Gurgaon - 122 002.
M/s. Gherzi Eastern Ltd. Shri A B Telasang a.telsang@gherzieastern.com +91 22 67.339400
+91 9867770037
Wing A, Raheja Point I, Pt. Jawaharlal Nehru Road, Vakola, Santacruz (E), Mumbai - 400 055. 
M/s Nuovatex Projects Co. Shri Munish Tyagi munish.t@hotmail.com, mt.nuovatex@gmail.com +91 11 41354681
+91 9811253332
A1/312, Sajdarjung Enclave, New Delhi - 110 029.
M/s. Suvin Advisors Pvt Ltd. Shri Avinash Mayekar avinash@suvinindia.com, info@suvinindia.com +91 22 67220000
+91 93 22906199
7th Floor, Amfotech, Opp MIDC (VARDAN),(Old Passport Office), Wagale Estate,Thane West - 400 604, Mumbai.
Suvidha Consultants Ltd. Sh. Ashoke Kr Ganguli suvidha@suvidhaconsultants.com +91 33 2454 9133 / 34 / 35
+91 9433447283
Shree Balaji Sadan 14,S. P. Mukerjee Road, 2nd & 3rd Floor(Near Bharati Cinema) Kolkata - 700 025 West Bengal,India

 

For any further clarifications / queries, kindly contact the undersigned:

Mayank Tharad

Ernst & Young
14, Mittal Chambers, 1st floor
Opp Inox Mall, Nariman Point
Mumbai - 400 021
Email:mayank1.tharad@in.ey.com
Phone No.: 91 98312 09488
Website: www.ey.com/india

Vikas Nigam

Wazir Advisors Pvt. Ltd.
3rd Floor, Building 115, Sector 44, Gurgaon
Haryana 122002, India
Email: vikas.nigam@wazir.in
Phone No.: 91 97698 25350
Website: www.wazir.in